40:60-10 - Property of certain societies transferred in trust to municipality; purposes - New Jersey Statutes

40:60-10.  Property of certain societies transferred in trust to municipality;  purposes
    Whenever any school society or religious organization of this state owns real or personal property and, owing to the establishment and existence of free  schools and other public institutions, the society or organization finds it  impossible or impracticable to continue in existence for the purposes for which  it was created, desires to convey any such property to any municipality for the  purpose of establishing free reading rooms, libraries or other institutions for  the public benefit, such society or organization may convey the same to the  municipality in trust for such purposes.